Driving Egypt green utility investment in the Region
In a significant move for the Middle East and Africa’s sustainable development landscape, Egyptian asset manager Engazaat has announced plans to invest over $100 million in regional green utility projects. This substantial investment, set to be deployed over the next two years, will target critical climate infrastructure at the intersection of water, energy, and food systems.
Driving Expansion in Egypt green utility investment
This strategic investment is a core component of Engazaat’s ambitious regional expansion and is part of a broader $250 million project pipeline. The company is pioneering an innovative “utilities-as-a-service” model. Under this framework, Engazaat develops, owns, and operates key assets such as solar power plants, modern irrigation systems, and water treatment facilities. Instead of facing prohibitive upfront capital costs for infrastructure, clients simply pay for the services rendered, making sustainable technology more accessible and financially viable.
To fuel this growth, Engazaat has launched the SAVE Sustainable Infratech Fund. This $200 million platform, established in partnership with CI Capital, is regulated by financial authorities in both Egypt and Abu Dhabi, providing a robust vehicle for channeling capital into green projects.
A Track Record of Egypt green utility investment
Founded in 2011, Engazaat has already built a strong portfolio valued at $33 million. The company’s completed projects include the delivery of 63 MW of solar capacity, enough to power approximately 40,000 homes, and the annual management of 15 million cubic meters of water for agricultural use.
A flagship example of Engazaat’s integrated approach is the SAVE-1 project located in Egypt’s Dakhla Oasis. This development seamlessly combines renewable energy and advanced water systems to support sustainable agriculture. Over its 25-year concession period, the SAVE-1 project is projected to:
- Generate 126.5 GWh of green energy.
- Reduce COâ‚‚ emissions by an estimated 460,000 tonnes.
- Create valuable local employment opportunities.
A Sustainable Future for the Region in Egypt green utility investment
Engazaat’s investment strategy utilizes take-or-pay agreements denominated in both U.S. dollars and Egyptian pounds, ensuring financial stability for its projects. The company is also actively exploring opportunities for public-private partnerships within Egypt to further scale its impact.
This $100 million commitment positions Engazaat as a leader in developing integrated water-energy-food (WEF) infrastructure. By focusing on a service-based model backed by strong financial partnerships, the company is not just building projects; it is creating a sustainable and resilient future for the entire region.
